Sugar - Daily chart

ICEUSA:SBH2014   None
41 0 0
Sugar             daily chart . The bottom is in as long as the andrwe's pitchfork holds. It most probably will !

Fundmentally, supply is still expected to exceed demand, but commercial (physical) traders are now stocking up, CTAs             are concentrating on low stock to use raito - rather than the over supply and most of the long positions build over the past few weeks seem to have been liquidated.

Big commercials are still bearish and this could be a year end short covering bounce. $16 needs to hold for this to be negated.
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